There are certain stocks that may fly under the radar sometimes but could easily help investors in making considerable returns in a fair short span of time. For instance, every day investors look into stocks that may be trading under $2 a share. On Thursday, there were a number of stocks under that price threshold that had managed to deliver significant gains. Here is a look at four such stocks which you may consider tracking today.
Reunion Neuroscience Inc (NASDAQ:REUN) - On Thursday, the Reunion Neuroscience Inc stock was one of the more notable movers as it ended the day with gains of as much as 58% amidst heavy interest.
The company came into focus on Thursday after it announced that it had gone into a definitive agreement with MPM BioImpact, by way of which the latter would acquire the former in an all-cash deal worth $13.1 million. The agreement had been reached on May 31, 2023, with MPM BioImpact, a leading biotech investment firm. Each shareholder who held a share in Reunion prior to the agreement would be entitled to a cash pay-out of $1.12 for each share.
Wearable Devices Ltd (NASDAQ:WLDS) - The technology company, which is involved in the development of artificial intelligence-backed touchless sensing devices saw its stock soar by 35.50% yesterday.
The company gained the attention of investors after it announced that it had started the manufacturing of its anticipated Mudra Brand that would be used in the Apple Watch. The company has experienced a surge in demand for its products in recent times and it had already received thousands of preorders from customers from all over the world. It would be interesting to see if the stock can maintain its momentum today or not.
SciSparc Ltd (NASDAQ:SPRC) - The specialty clinical-stage pharmaceutical firm SciSparc Ltd was in significant focus yesterday and its stock ended up with gains of as much as 24%. On 30 May the company announced that it appointed a new Vice President of Strategy and Business Development in the form of YakiBaranes.
The appointment was a part of the company’s strategy to restructure the company for unlocking more value for its shareholders. Baranes would be responsible for structuring business strategies and also help in the identification of new business strategies. He is a business strategy expert with a proven track record of excellence spanning 13 years.
D-Wave Quantum Inc (NYSE:QBTS) - Another stock in this category that recorded significant gains On Thursday was D-Wave Quantum Inc which ended up with gains of as much as 20%. The quantum computing systems, services, and software company announced yesterday that it had gone into a partnership with Interpublic Group.
Interpublic is one of the leading global advertising and marketing services companies. The two would work on quantum computing applications which fuel innovation in strategy and marketing investment spaces. The two companies would also collaborate on the research and development activities related to the project.
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